Fintech startup Stashfin raises $100Mn in debt led by InnoVen Capital, others

Fintech startup Stashfin has raised $100 million in a debt funding round led by InnoVen Capital and Trifecta Capital, with participation from new debt partners as it aims to optimise the portfolio for potential securitisation

Prior to this round, The startup had raised $70 million as part of its Series C round in June 2022, led by Uncorrelated Ventures, Snow Leopard Technology Ventures, Kravis Investment, and others.

Founded in 2016 by Tushar Aggarwal, Stashfin, which provides financial products & services for millions of borrowers across the country, said has witnessed several positive developments, such as ICRA upgrading the firm’s rating to BBB (Stable) / A3+ for its group company Akara Capital Advisors Private Limited (ACAPL), the company said in a statement.

Tushar Aggarwal, CEO & Founder of Stashfin, said, "We look forward to this new partnership with InnoVen and Trifecta Capital as we continue our journey of providing fair and transparent access to capital for Indian consumers. We also thank our existing partners for their continued trust, enabling us to help our customers build creditworthiness, thereby fulfilling their needs and aspirations."

Ashish Sharma, managing partner, InnoVen Capital, said, “Players like Stashfin are defining a new category by enabling access to funds for under-served segments. We are confident that our partnership will further drive positive growth for the organisation and Stashfin will continue to play a crucial role in the fintech ecosystem.” 

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